Copper futures decline nearly 1% on weak demand

NEW DELHI: Copper futures on Tuesday slipped 0.89 per cent to Rs 672.60 per kg as participants cut their positions amid muted demand in domestic market.

On the Multi Commodity Exchange, copper contracts for March delivery eased by Rs 6.05, or 0.89 per cent, to Rs 672.60 per kg in a business turnover of 3,054 lots.

Analysts said trimming of positions by speculators due to muted demand in spot market mainly led to the fall in copper prices here.